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Cryptocurrency Transactions: How to Find Data on Blockchain Networks Like Bitcoin, Ethereum, and Cardano

  • 4 mths ago

In the world of cryptocurrencies, every time a transaction takes place it gets logged in to a blockchain — a distributed ledger that makes the information globally available on a real-time basis. That does not mean a user or investor gets an automatic update about each successful transaction. It's more like the data is stored and updated on the digital ledger but anyone who wants to check details has to look for it. But how do you do that? That is done with the help of tools that work as a sort of “Google” for cryptocurrency.

What about cross-platform data? Meaning if a Bitcoin blockchain user wants to check the details of a transaction related to, say, the Ethereum blockchain, how to do it? That can also be done by the same process. These tools are called blockchain explorers. Most of them provide services for more than one blockchain.

What are blockchain explorers?

Simply put, a blockchain explorer is a type of software that pulls data from a blockchain and creates a database for users to search for particular information from the available resource. They allow users to see details related to various cryptocurrency transactions, including the amount transacted, the source and the destination of the transfers, and the status of transactions.

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